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Listed by David Howarth • The Pinza Group, Inc
$495,000
Est. payment /mo
1,274 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,274 sqft
Price per Sqft $388
Subdivision Granada Hills
MLS Listing ID 41124086
HOA Y/N No
Year Built 1930
Lot Size 6,969 Sqft
Property Sub-Type Duplex
Source Bridge AOR
Property Description
Remodeled duplex with with excellent cash flow potential. The current cap rate is 7.40% and the Current GRM is 9.48. The property features two detached homes offering one 2bd/1bth unit and one 1bd/1bth unit. The back house will be delivered vacant at close of escrow making a perfect set-up for an owner-occupant. The property was originally built in 1930, offers approximately 1,274 square feet of rental space, and sits on a 6,969 square foot lot with a large back yard and ample parking space. The homes have been remodeled over time and offer updated kitchens and bathrooms, wood floors, newer paint, custom lighting and molding, double pane windows and more. The property has historically been easy to rent and is separately metered for electric and gas providing low annual operating expenses. This is a perfect opportunity for an owner-occupant who can live in one unit and have the other unit pay down their mortgage. This is one of the best locations in Vallejo with a very nice block surrounded by single-family homes with pride of ownership. This location has easy access to HWY 80 and HWY 780 making this a very convenient location that's easy to rent.
Location
State CA
County Solano
Interior
Heating Other
Cooling Other
Flooring Tile, Wood
Fireplace No
Building
Lot Description Other
Others
Special Listing Condition Standard
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